Up 27.6%. Portfolio gain to date
Up 11.5%. BIDU stock from inception
Up 03.1%. S & P 500 from inception of investment (1,557 to 1,606)
Note: This is one of the fastest-growing companies its size in the world but with a sharp one-year slowdown in 2013 due to massive R & D expenses this year. The recent earnings history and downwardly-revised consensus expectations for this dominant Chinese search engine are as follows:
$1.53 in 2010 (actual)
$3.02 in 2011 (actual)
$4.79 in 2012 (actual)
$4.96 in 2013 (consensus - 04% expected annual growth)
$6.28 in 2014 (consensus - 27% expected annual growth)
$7.47 in 2015 (consensus - 19% expected annual growth)
The leverage factor for this investment is around 2. Over time, each point higher in the stock will be worth $8,200.
Fiz the "CO", your adoring hoard of fans (Avi, Pebs,Detractor and too many to name) have missed you and are showing how much today? Yes, it's true the no life boys cannot function properly in this life without your posts and rewarding financial advise, I'm assured they cannot function without your advise. You most certainly will go down in the books as the most responded to poster in the past ten years.
That aside, tell me? Did you slip into Italy and deposit your DNA? Johnboy would love to hear of those exploits?
In the Chisos..................on beer 8 or thereabout's
My next update will be over the weekend. However, even with BIDU at a low ebb, I'm still up over 50K on my 300K investment since March 25 inception. That's still a helluva lot better than I would have done if I had held onto Pfizer. I cashed out of that one on April 2 with the stock at $29.21.
Dumping Fizzer at that price to buy the 50-strike BIDU calls out to Jan. 2015 when the stock was at $84.85 wasn't too shabby a trade. Don't you wish you had followed my lead?